Las Vegas Sun

March 29, 2024

LETTER TO THE EDITOR:

Tapping U.S. oil reserves would lower gas prices

The price of gasoline has recently jumped rather quickly, and most of us are under the assumption that the recent turmoil in Libya is the cause of the dramatic rise.

Actually, we only import 50,000 barrels a day from Libya — that’s a fraction of the 9.2 million barrels we imported in 2010. If we tapped part of the Strategic Petroleum Reserve, of which the U.S. has 727 million barrels, it could easily replace the amount we import from Libya.

This simple subtraction from the Strategic Petroleum Reserve could help bring gas prices back down to near normal levels.

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